Insurance

Illinois ALIR legislation signed

Illinois House Bill 2610 was signed by Governor Bruce Rauner on August 25, 2017.

In uncertain times, look to cut costs

Personal injury claims reform has been put off again, and whether the new government will pursue reform is unclear. When the Prisons and Courts Bill 2016-17 (HC Bill 170) was scrapped, so were fixed tariffs to cap...

Now that the discount rate has changed, what’s next?

Insurers are still reeling from the drastic change in the discount rate that went into effect 20 March 2017. The rate is used to adjust lump-sum compensation payments according to the interest that claimants are...

ISO Recognised for Supporting the Industry at the 2017 Modern Claims Awards

Modern Claims Magazine is a leading UK trade journal, and its annual awards are judged by a diverse panel of experts from across the insurance industry. That’s why ISO is honoured to be recognised with the Supporting...

Forging a new EnergyPath in the UK

Over the next decade, the United Kingdom must deliver on its national energy and climate change targets. The Energy Technologies Institute (ETI), a £400 million industry and government-funded partnership into low-carb...

Brexit effects on economy hitting U.K. construction costs

Theresa May has indicated she intends to trigger Article 50 of the Lisbon Treaty by the end of March 2017. After that, the United Kingdom has about two years to negotiate withdrawal from the European Union. With no...

Telematics holds the potential for improved safety and lower claims

Americans drove a combined 3.1 trillion miles over 12 months through March 2016. With drivers traveling more miles, the potential for accidents increases. The National Safety Council reported that in 2015 “the U.S. ha...

Four Killer Blockchain Use Cases for Insurance

Is blockchain really a solution in search of a problem ? At first glance, it may appear that way. Aside from developments in the industry loss warranty (ILW) market , clear use cases have been slow to emerge. That’s...

Are We Missing the Real Blockchain Opportunity for Insurance?

Blockchain has taken the global insurance industry by storm. Insurtech start-ups have begun to probe this emerging technology, and insurers and reinsurers have watched, explored, and tested. So far, however, blockchai...

Customers to benefit from unification of claims solutions

Claims handlers are familiar with both ISO Claims Outcome Advisor ® (COA ™ ), the top quantum evaluation tool, and Xactware’s claims-handling tools for the property market. But what they may not know is that these...